Replies to post #20380 on Innovative Holdings Alliance, Inc. (IHAI)

[Jronpar]

[Flowing]

This is only my point of view, and while both the float and the number of oustanding shares have their importance, restricted shares always become unrestricted at some point in the stock market.
In the case of IHAI, shares got unrestricted a few months ago already.

What's more important to me is the number of oustanding shares because when debt is converted into shares, this number can grow a lot and that's when we can get into serious trouble.
In the case of a pump and dump scheme, it will grow exponentially annhiliating the share price forever, and sometimes leading to a reverse split in a rinse and repeat process.

The float can't grow bigger than the number of oustanding shares and if the latter grows exponentially, so will do the former due to the pump and dump nature of the operation, and that's when we're toast with certainty.

Besides, for information, the Pink Current listing rules are here:
Alternative Reporting Standard: Pink Basic Disclosure Guidelines

[Flowing]

Here is another thing that's far more important than the current float for me: some debts were not converted into shares when they were due because the creditors accepted to report the maturity date and also agreed the notes were not in default.

The number of unrestricted shares is currently still small: 6,090,414 out of 16,980,427 oustanding shares.